Since the cost of purchase is treated as investment in land, the ...

Income Tax

February 4, 2019

Since the cost of purchase is treated as investment in land, the assessee is allowed to carry forward the unsold value of land as closing stock - The assessee cannot treat the difference between purchase price and sales price as loss and is also not eligible to carry forward as business loss u/s 71

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Since the cost of purchase is treated as investment in land, the ...

Income Tax

February 4, 2019

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